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." i'm maria bartiromo at the new york stock exchange. the house of representatives voting right now. they have a number of measures to vote on before speaker boehner's plan "b," but we'll continue to monitor capitol hill for any developments. meanwhi meanwhile, i'm here with scott wapner. the market modestly higher despite uncertainty over a fiscal cliff deal. new information coming up in moments. >> good to see you again. scott wapner in today for bill griffiths. less than one hour to go in this trading day. the dow is positive now, just off the highs of the day. good for 39 points. nasdaq's higher, s&p is higher as well at this point. all eyes certainly on the nation's capital though today, maria, and here at the stock exchange. >> absolutely. first, here is what we know. global exchange officials right now are discussing how to respond to an $8.25 billion deal announced today between the new york storage and intercontinental exchange. there's been informal discussions with the stock exchange about a deal as recently as last week but the nyse, afraid to have another deal blocked b
, that was interesting. new york values went up as well. lori: markets are scattered. that is a debate over what the fines wealth in america, cost of living, property values, you can't have one single threshold the works across the board because -- lori: bringing it back to taxes. melissa: i love it. lori: and $8 billion deal, what does it mean for the future of trading? charlie gasparino will be along with exclusive details. melissa: look at how the dollar is fairing, the market up slightly and with that, currencies are weaker across the board. we will be right back. melissa: we want to take you to capitol hill, john boehner. >> the president called on the house again and again to pass a bill to protect 98% of the american people from a tax hike. today we will do better than that. our bill will protect 99.81% of the american people from an increase in taxes. it is permanent tax relief for individuals. a permanent hatch on the alternative minimum tax, the marriage penalty, death tax relief and permanent extension of higher child tax credit and capital gains and dividends rates we see today. all
headed to new york and switched their flights and scurrying to the gates to make an earlier flight. united is waiving all the transfer fees if you want to make a change. you are running out of time because this will turn to snow very soon. >> ted, we will check back in with you to see if anything changes. let me bounce back over to you in that weather center. you were talking travel. where do we leave off? >> it is rain now going to change to snow and blowing snow and the airports impacted there and the roads as well. they saw already just about ten inches of snow. it's i reporter said it was very treacherous there. they haven't seen significant snowfall since 2009. that doesn't mean no snow, a significant snow. let's go to lambeau field in green bay. that was lightning associated with that snow. >> is that the thunder snow? >> that was the thunder snow. >> what is that? >> the atmosphere is volatile and you get a lot of lift. lambeau field just went down. they are looking at between 10 and 15 inches of snowfall to green bay. i am going to send it back to you. meteorologists get ex
gone overtime cliff. and now to new york city where retailers are not resting. >>guest: well, five days until christmas but who is keeping count? 17 million of us are going to wait until christmas eve to go holiday shopping. can you imagine that? that is according to consumer reports. they also say 132 million of us who have started our holiday shopping have not finished so the retailers are pulling out all the stops to get our holiday dollars, not sure it will work but this is what they are doing. target has last minute sale where they will give you a gift card if a certain amount of money if free if you buy certain electronic dumbs -- items and toys 'r us and macy's are staying open straight, like 88 hours straight. in a row. until christmas day. and best buy is letting you place an order online until 3:00 p.m. on christmas eve if you pick it up in the store. this sun heard of. will it work? we don't know. it looks like the fiscal cliff is about to kill christmas. a survey showed a third of the public is so concerned about the fiscal cliff and what our tax rates will be we have cut ba
it or not >> gretchen: here is the headlines. a massive chain crash. it happened in new york. it happened iniac-- yack hank. the driver lost control and setting off the chain reaction . the truck was carrying debris from super storm sandy. >> it was like a move yechain reaction and so fast. no one could react to it. >> brian: 40 vehicles were involved and the wreck stretched the length of a football field and all lanes are reopened this morning. midwest getting pummeled with a massive snow storm. some states are under blizzard warnings it is expected to dump a foot of the snow in the next 48 hours. in nebraska. roads are shut down because of the snow and strong wins are making visibility difficult. roads are closed in washington state after collisions and spin outs . there is word that one person is hurt. younger brother of madoff will be sentenced for helping pull off the biggest ponzi scheme in prison. he will be spending 10 years behind bars. one victim said she is unhappy that the sentence was postpone anothered the judge to remain free to attend a bar mitzvah. she brought the miss universe crown
well know, a lot of folks in suburban, new york, long island, people decidedly not in white-collar job, two income couples earning a quarter of a million dollars a year, they are not in the millionaire and billionaire category and certainly don't thing themselves wealthy by any stretch of the imagination. how does the president sell a tax increase on that group? >> you're exactly right, jon. that is where chuck schumer, represents new york, made that case. he said a while ago he would be more comfortable at a million. like i said i thought what would happen we would be compromising somewhere around half a million mark as the cuttoff on the increase in rates. but i don't know. they, both sides seem to be pretty intransient. president at00,000 as the level he would increase -- 400,000. jon: there are questions whether john boehner has enough votes even in the house to get his plan b threw. he is scheduled to vote i understand it. he must think he will win on that score. you're saying that the president would rather veto a tax increase on that highest million and up income level americans
dismissed the focus on rice's remarks. gary ackerman of new york said congress has become a partisan bickering bunch of grousing old people. >> trying to quibble around here on this particular issue of the narrative rather than how we work together to make things better to quibble over somebody said a particular word or didn't use the right word, rather than figure out how to avoid the mistakes that might have been to not lose american lives on into the future. >> reporter: amid the furor, ambassador rice has withdrawn herself for consideration as secretary of state. and four state department security officials resigned on wednesday. >> suarez: retailers are hoping to finish the holiday shopping season strong, particularly given some forecasts warning of a slowing economy in 2013. as we reported earlier, consumer spending helped spike better growth this fall. but in light of the last recession, some are asking whether less personal debt and perhaps some more austerity might be a better approach. "newshour" economics correspondent paul solman has been exploring that question. part of
. >> in times of stress, this economy turns to the new york stock exchange. there is a reason there is an american flag wrapped around the front of this building. charlie: you are committed to the floor traders, keeping them here? >> absolutely. connell: charlie live now from the floor. pretty big day down there, obviously. charlie: i am blown away by this story. we were pretty much on this thing from the get go. this was on a merger. the initial reports coming out of the, i believe, "wall street journal." this is a 200-year-old institution being taken over by a company from atlanta that has been in business for the last 12 years. this is amazing. that is like the glass half empty or half full power. about another year ago, we were talking about, and a lot of people moaning about a german institution taking over the new york stock exchange. that says something about america's dominance in world finance. we are seeing an entrepreneurial company now taking over the stock exchange. that is not bad. that is what american capitalism is all about. that is something to be celebrating
everything. this is "studio b" today. but first from fox at 3:00 in new york city, the state department learned painful lessons from the attack on the consulate in benghazi, libya. it has to do better. that is what the deputy secretary of state said at hearings on capitol hill. >> we owe it to our colleagues who lost their lives in benghazi, to the security professionals who acted with extraordinary heroism trying to protect them and we owe it to thousands of colleagues serving america with great dedication each day at posts around the world. >>shepard: the attack on september 11, killed four americans, coming less than 48 hours after an independent panel released what is a scathing report on security situation in benghazi, blaming the state department for systematic failures and leadership and management deficiencies at senior levels. the report also highlighted how security has deteriorated across eastern libya amid regime change after the death of the dictator muammar qaddafi. >> we did fought do a good enough job and the report highlights trying to help in that struggling pattern. >
street. a historic day for the new york stock exchange, the ice, going to buy it. dow jones industrials up, pretty much highs of the session. the nasdaq up just 1/4% russell up 14%. ashley: bold sliding to the lowest level in four months dropping a one.3% after a report that the u.s. economy grew more than expected, gold lining stocks into the red, all posting losses and anglo gold hitting a 52 week low. liz: what looks good? financial sector, climbing within 1%, citigroup looking pretty healthy just under 2%, bank of new york mullen, royal bank of scotland hitting 52 week highs today. ashley: natural gas climbing for the third time in four days after reports show u.s. supply falling more than expected, natural gas for january delivery ending the day up 1.3%. liz: that storm over the midwest. you see that thing out side, winnebago, the largest u.s. motor home maker is getting bigger. increasing production to mean growing demand, just reported better than expected results and that is why we slept this thing outside our studio. you don't want to know, it is $350,000 with a steering wheel
. >> reporter: poppy harlow, cnn, new york. >> what a story. >>> people all over the nation are being asked to observe a moment of silence for the shooting victims tomorrow morning, once again, including on the internet. a silicon valley investor is asking websites across the country to go dark tomorrow morning at 9:30 a.m. eastern. that's exactly one week after that massacre at the elementary school. >>> other news we're following, including a powerful winter storm. it's blasting the midwest where the season's first blizzard is bringing life to a standstill and may be stranding thousands of early holiday travelers. >>> blinding snow, power outages and conditions getting worse. winter has arrived in the midwest. the blizzard is blamed for a 30-car pileup near ft. dodge, iowa. two people are dead. the storm is he cexpected to du another foot of snow in some areas before it is done. it looks like it's wet there. it's going to start snowing at tomorrow point, ted, and there will be a lot of flight cancellations at o'hare that could cause disruptions at other places as well? >> reporter: yes, w
is a prevention bill. but i'm ginned this evening by congresswoman yvette clarke of new york who has long been an advocate for ending the gun violence in our communities and providing the kinds of assistance, both intervention and prevention, that we need in so many communities around this country. she's been a leader of so many issues. i'd like to yield her such time as she might consume. ms. clarke: i thank my colleague for yielding. madam speaker, i've joined my colleague, dr. donna christensen, representative of the virgin islands here tonight new york remembrance of the 20 -- 20 first grade children and six educators who were mercilessly gunned down last friday at the sandy hook elementary school. innocent victims of senseless gun violence. to the families, educators and community of newtown, connecticut, on behalf of the people of the 11th congressional district of brooklyn, new york, i wish to express my most profound and deepest condolences. i believe like so many across this nation that the families of these victims, the families of children in every community in the united states hav
latest on the fiscal cliff negotiations or non-negotiations, new york congressman steve israel, chairman of the congressional campaign committee. we're waiting on hearing from john boehner, but it appears that nothing is -- that no progress is being made, that we're walking backwards just as time is running out. what is your take from up there? >> i think you're right, unfortunately. you know, chris just said that this is a bit of a gambit by speaker boehner, and he is accurate. the thing is that we need fewer gambits and more governing. the republican -- the house republicans have just refused to govern. it has been cliff after cliff, shutdown after shutdown. it has been politics over improvement. this is just proof of the pudding. the president of the united states has offered compromise after compromise, and every time it looks, andrea, like we are close, the republicans move further away. they are more interested in partisan politics. they're more interested in preserving their careers than they are in preserving the economy for the middle class. if that wasn't the case, they would h
directing new york city traffic. >> brian: the winner of the x factor will be joining us live. if you have to run from the tv, run to the radio. steve, you'll be joining me, right? >> steve: i will. weather alert. serious trouble for millions of americans hoping to travel for the holiday. check out the storm system. it is powerful. moving through the central part of u.s., upper plains. blizzard and winter storm warnings for nebraska and great lakes. deep south tornado sirens blaring. mobile, alabama, roofs have been ripped off, trees topple. a powerful storm moves through there. a warning in effect in mobile, alabama. i'm bill hemmer. welcome to "america's newsroom". martha: why don't we get normal weather. always something extreme. it is causing delays and cancellations. they're trying to get home. going through chicago o'hare's airport the nation's second busiest airport. they're having a tough time. live screen left, you see minneapolis. screen right you see storm damage where it already went through in mobile, alabama. could be a rough couple days out there as the head -- storm heads o
, mike. thanks so much. >>> now we turn to congressman charles rangel, a democrat of new york. sir, i put to you the question we started with, the clock is ticking to the new year. here comes the fiscal cliff. so what on earth is the speaker, mr. boehner and his boys, what on earth are they doing wasting time on these gyrations as harry reid referred to them? >> the best i can make out is that he doesn't have the votes to do what he would want to do, and that he's using these legislative procedures in order to test the moderates as opposed to those that prevent him from making any type of decent agreement with the president of the united states, and i'd like to add, and the american people. he has, unfortunately, in his party a group that he's dependent on if he wants to remain speaker that refuse, that refuse to the believe that obama has won the election. they hated had i am from the beginning and the election didn't cause any more delight in where we go from here. and so the best i can make out, he's trying to get enough votes to get enough support to free himself and to ultimately mak
Search Results 0 to 14 of about 15